Pre-paid Forex Card

  Pre-paid Forex Card





1) Banks issue pre-paid cards that are loaded with foreign currency and can be used during foreign travel, without having to carry cash or traveller's cheques.

2) A pre-paid forex card can be single currency, or multiple currency card depending on the requirement of the user.

3) The currency loaded on the card is as per exchange rates on the date of purchase, and any currency risk is borne by the customer.

4) Pre-paid currency cards can be used for online transactions and cash withdrawal using a PIN assigned to the card.

5) Cards can be reloaded remotely at the bank, by a third party, who should fill up all the required documents for transmitting of foreign exchange as per RBI rules.

Best Tax Saver Mutual Funds or ELSS Mutual Funds for 2015

1.ICICI Prudential Tax Plan

2.Reliance Tax Saver (ELSS) Fund

3.HDFC TaxSaver

4.DSP BlackRock Tax Saver Fund

5.Religare Tax Plan

6.Franklin India TaxShield

7.Canara Robeco Equity Tax Saver

8.IDFC Tax Advantage (ELSS) Fund

9.Axis Tax Saver Fund

10.BNP Paribas Long Term Equity Fund

You can invest Rs 1,50,000 and Save Tax under Section 80C by investing in Mutual Funds

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